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Question
Submitted 94 days ago...
Which is the better student loan offer?
I'd like to compare 2 student loan options to decide on the better deal.
The first pre-approved option is: 11.0% (LIBOR + 8.5%) with no fees. The second option is: PRIME + 2.0% with 1.5% fee.
I do not know the difference between LIBOR and PRIME rate, and am totally confused!
Please help. Thanks for your advice.
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